Version Two: Intraday Alerts on New Highs and Lows
This is an upgraded version of our daily high/low alert for Thinkorswim. Improvements include the ability to control how many
previous days in which the lines and chart bubbles will plot. I have also removed the high low lines from plotting outside the specified time span. Version two utilizes new techniques I have learned while assisting viewers with their own custom projects. Thinkorswim Alert High Low Version Two is intended to be plotted on an intraday chart.
You get to set the start time and end time and the indicator will track the highest high and lowest low throughout that time span. Each new high or new low will trigger an audible and visual alert on your chart. The time span adjustment lets you view a chart including extended hours trade while only tracking the high and low during the regular market hours.
Link to study file: Chart_DlyHiLo_24hrV2bSTUDY.ts
Be sure to view the original video to see this indicator in action and understand how the alerts work.
Lean More:
For those looking for a scan which is based on this solution you will want to examine the following post in our Q&A Forum: https://www.hahn-tech.com/ans/tos-scanner-for-new-high-intraday/
Would you like to learn how to master the chart settings on Thinkorswim? Click here for our 3 part series: Thinkorswim Chart Settings Tutorial
DISCLAIMER: I AM NOT A CERTIFIED FINANCIAL ADVISOR AND NOTHING IN THIS VIDEO OR TEXT IS AN ADVERTISEMENT OR RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. NOR IS THIS VIDEO OR TEXT INTENDED TO INSTRUCT YOU ON HOW TO MAKE BUY OR SELL DECISIONS USING ANY OF THESE INDICATORS.
*Thinkorswim is a chart analysis platform offered by TD Ameritrade: www.tdameritrade.com
TD Ameritrade provides financial services including the trading of Stocks, Futures, Options and Forex.
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Hi Pete, is it possible to show and alert only the highest price and the lowest price in a timeframe? like the thinkorswim default feature ? because your version plot many high /lowest prices
It may be possible but I don’t see any point in writing code for that since it is already provided as a built-in feature of the trading platform.
Hello, If I put this code in a custom watchlist column and want it to trigger a new high during market hours (I know it won’t sound)
Would this be correct?
Def NHigh = DailyHigh
Thank you
Did you search our Q&A forum for this solution? Seems someone has already requested a watchlist version of code and I provided a solution: https://www.hahn-tech.com/ans/new-intraday-high-or-low-watchlist-scan/
I apologize, I did briefly look,
Thank you
The daily Hi chart bubbles have an error but the Lo chart bubbles are OK. Also, the time input includes weekends and holidays. Of course, the charts only display business hours. I got around the latter problem by making a similar program showing Hi/Lo bubbles and lines for all days on the chart. The Hi/Lo data is initiated each day. In my program, I included an enable input to show all of the hi/lo bubble data or to remove these bubbles for a cleaner chart. Of course, this input is selected in the settings menu. This program is interesting partly because alerts are activated by opening the applicable chart but this chart is not necessarily displayed for the alerts to be active.